Tesla Stock Drops 14% After Missing Earnings and Raising Capital Expenditure Concerns
Tesla (TSLA) stock fell sharply following mixed Q2 results, missing earnings estimates. The company reported lower-than-expected adjusted EPS of $0.33 versus a forecasted $0.50 and below-target Adjusted EBITDA at $3.2 billion against an expected $4 billion. Investors were also concerned about increased capital expenditures related to physical AI product development.
Tickers: $TSLA